Travel time variability and rational inattention
Publikation: Working paper › Forskning
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Travel time variability and rational inattention. / Fosgerau, Mogens; Jiang, Gege.
2017.Publikation: Working paper › Forskning
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TY - UNPB
T1 - Travel time variability and rational inattention
AU - Fosgerau, Mogens
AU - Jiang, Gege
PY - 2017
Y1 - 2017
N2 - This paper sets up a rational inattention model for the choice of departure time for a traveler facing random travel time. The traveler chooses how much information to acquire about the travel time out-come before choosing departure time. This reduces the cost of travel time variability compared to models in which the information is exogenously fixed.
AB - This paper sets up a rational inattention model for the choice of departure time for a traveler facing random travel time. The traveler chooses how much information to acquire about the travel time out-come before choosing departure time. This reduces the cost of travel time variability compared to models in which the information is exogenously fixed.
KW - Faculty of Social Sciences
KW - rational inattention
KW - random travel time variability
KW - value of reliability
KW - discrete choice
KW - D1
KW - D8
KW - R4
M3 - Working paper
T3 - University of Copenhagen. Institute of Economics. Discussion Papers (Online)
BT - Travel time variability and rational inattention
ER -
ID: 190435380